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"Companies and products sometimes fail" doesn't really address the claim "the market doesn't seem to punish gross misconduct or negligence." Re: GP's examples,
by jakelazaroff 9y ago
"Companies and products sometimes fail" doesn't really address the claim "the market doesn't seem to punish gross misconduct or negligence."
Re: GP's examples, Uber is a "user-facing" company, and the Wells Fargo and Bank of America scandals involved consumer services.
Also, it's not like companies are incapable of making conscientious decisions with regard to other companies with which they do business.
- philipodonnell 9y agoFor public companies in the US, they are mostly incapable of making decisions like this as if can be shown to negativity effect enterprise value they can be sued by shareholders that do not have the same moral issues.
- Xixi 9y agoI read these kind of comments all the time, yet I'm still to see one actual court case showing that this is true. Are you really sure that this is true?
- JetSpiegel 9y agoSmarter shareholders will just get the CEO ousted. An inside job, much cleaner than mud slinging through the courts. A distinction without a difference.